Facebook and Oodle Launch New Classifieds Product Today

Today, Facebook and Oodle will announce the launch of the new classified product which will replace the old Marketplace application. In contrast to the previous iteration of the application, all classified listings can be posted for free. The service also includes an increased level of integration into Facebook’s social graph. What’s great about Facebook classifieds over traditional online classifieds is that there is a social aspect which increases security.

For example, when you respond to a classified listing, you can get in touch directly with the seller without blindly meeting them at the time of delivery. There are currently four actions that you can take within the application: sell something, sell for a cause, give it away, or ask for something. Most of this is self-explanatory but one interesting aspect of the application is the ability to give away items for a cause.